At 8.5% + CAGR, Global Digital X-ray Market worth of USD 13.04 billion by 2023

“The global digital X-ray market is projected to grow at a CAGR of 8.5%”

The digital X-ray market is expected to reach USD 13.04 billion by 2023 from USD 8.68 billion in 2018, at a CAGR of 8.5%. The increasing geriatric population and the subsequent growth in global disease incidence, favorable regulations and government initiatives & investments, the advantages of digital X-ray systems, and technological advancements and product development are driving the growth of the digital X-ray market. On the other hand, market growth may be hindered due to high cost of digital X-ray systems.

 

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“Fixed digital X-ray systems are expected to hold the largest share of the market in 2018.”

Based on portability, the digital X-ray market is segmented into fixed digital X-ray systems and portable digital X-ray systems. The fixed digital X-ray systems segment is expected to dominate this market with the largest share due to the availability of cost-effective solutions and the wide application of these systems in diagnostics.

 

“Retrofit digital X-ray systems are expected to hold the largest share of the market in 2018”

Based on system, the digital X-ray market is segmented into categories—new digital X-ray systems and retrofit digital X-ray systems. The retrofit systems segment is expected to account for the largest share of the digital X-ray market in 2018. Retrofit systems are a more cost-effective alternative to purchasing new digital X-ray systems. As a result, their demand is high among end users.

 

“Asia to witness high growth during the forecast period”

In 2018, North America is expected to account for the largest share of the market followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. The high growth in this segment is attributed to the growing geriatric population, particularly in Japan; increasing disposable incomes, allowing for greater affordability to advanced technologies; the rising prevalence of target diseases; and favorable government initiatives.

 

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The primary interviews conducted for this report can be categorized as follows:

  • By Company Type: Tier 1–37%; Tier 2–38%; Tier 3–25%.
  • By Designation: C-level–34%; D-level – 25%; others – 41%.
  • By Region: North America–24%; Europe–32%; Asia–28%; RoW–16%.

 

List of companies profiled in the report

  • Canon Inc. (Japan)
  • Carestream Health (US)
  • Fujifilm Corporation (Japan)
  • GE Healthcare (US)
  • Hitachi Ltd. (Japan)
  • Hologic, Inc. (US)
  • Philips Healthcare (Netherlands)
  • Shimadzu Corporation (Japan)
  • Siemens Healthineers (Germany)
  • Konica Minolta, Inc. (Japan)
  • Samsung Medison Co., Ltd. (Korea)
  • Agfa Gevaert (Belgium)

 

Related Report:

Global Digital X-ray Systems Market Analysis 2012-2017 and Forecast 2018-2023

Digital X-Ray Systems is the electronic capture of an X-ray exposure. The exposure is captured in a device that converts the X-rays to a digital signal, which is then represented on a viewing monitor for diagnosis. An image from a Digital X-ray System that appears on a viewing monitor may have come from one of two technologies, namely Computed Radiography (CR) and Direct Digital Radiography (DR/ DDR).

The global Digital X-ray Systems market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Digital X-ray Systems by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

 

Read More: https://watchersofmarkets.com/products/global-digital-x-ray-systems-market-analysis-2012-2017-and-forecast-2018-2023

 

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Posted by on Friday September 14 2018, 9:21 AM EDT. All trademarks acknowledged. Filed under Biotechnology, Business Services, Diagnostics, Featured Press Release, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks are open. Follow responses: RSS 2.0

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